Regarding the Signing of a Memorandum of Understanding with Icom Incorporated to Commence Collaboration in the Radio and Radar Fields
Furuno Electric Co., Ltd. and Icom Incorporated have signed a Memorandum of Understanding (MOU) to begin collaboration in the radio and radar fields. This partnership aims to create new value by leveraging each company's technology and expertise for product development and cost reduction.
📋 Article Processing Timeline
- 📰 Published: May 14, 2026 at 20:08
- 🔍 Collected: May 14, 2026 at 11:32
- 🤖 AI Analyzed: May 15, 2026 at 07:59 (20h 27m after Collected)
Furuno Electric Co., Ltd. (Headquarters: Nishinomiya City, Hyogo Prefecture; President and CEO: Yukio Furuno) and Icom Incorporated (Headquarters: Osaka City, Osaka Prefecture; President: Hiroshi Nakaoka) are pleased to announce the signing of a Memorandum of Understanding (MOU) on Wednesday, May 13, 2026, to commence collaboration in the radio and radar fields. This MOU aims to promote discussions on the potential for collaboration in product development and business activities in these fields, leveraging the technologies and expertise that both companies have cultivated.
## Signing Ceremony
From left: Yukio Furuno, President and CEO of Furuno Electric Co., Ltd.; Hiroshi Nakaoka, President of Icom Incorporated.
## Background of the Collaboration
Amidst a changing business environment surrounding the radio and radar fields, Icom Incorporated, with its long-standing track record and accumulated technology in the radio communication equipment field, and Furuno Electric Co., Ltd., which has developed its business in the field of marine electronics including navigation radars, have repeatedly exchanged opinions on the potential for medium- to long-term business development by leveraging their respective strengths. Recognizing that mutually utilizing their technologies and expertise in the radio and radar fields could lead to the creation of new value and business opportunities, they have concluded that it would be beneficial to jointly explore the possibility of collaboration through continuous dialogue.
## Main Contents of the Collaboration
The collaboration will focus on considering the following initiatives:
- Collaboration on product development in the radio and radar fields.
- Cost reduction measures, including joint purchasing of related parts and components.
- Continuous discussion of future collaboration themes, leveraging the expertise of both companies.
Please note that this MOU does not define specific transaction terms, and the content will be examined and specified through future discussions.
## [Hiroshi Nakaoka, President of Icom Incorporated]
"I am very pleased to be able to proceed with discussions toward a collaboration with Furuno Electric. Both are historic companies that have long provided products to the world that support safety, security, and joy at sea. I am confident that by combining our respective strengths and expertise, we can create new value that only our two companies can produce. Through this initiative, we will strive to deliver communication that satisfies our customers even more than before."
## [Yukio Furuno, President and CEO of Furuno Electric Co., Ltd.]
"I am very pleased to be able to explore the possibility of collaboration with Icom Incorporated, which possesses high technical capabilities and unique product development strengths in the radio communication equipment field. Our company has developed its business through the provision of marine electronics that support the safety and security of navigation. In a greatly changing business environment, we feel the importance of dialogue and cooperation with partner companies that have different strengths more than ever before. We would like to explore new possibilities in the radio and radar fields and connect them to future value creation by mutually leveraging the technologies and expertise of both companies."
Based on this MOU, both companies will continue discussions and conduct studies to specify business collaboration in the radio and radar fields.
### Furuno Electric Co., Ltd.
Since successfully commercializing the world's first fish finder in 1948, Furuno Electric has continued to provide numerous world-first and Japan-first products in the marine electronics field based on its unique ultrasonic and electronic technologies. Today, it has established a sales system in over 90 countries and has built a solid position and brand as a global comprehensive marine electronics manufacturer.
Furuno Electric Co., Ltd. R&D Building "SOUTH WING"
Headquarters: Nishinomiya City, Hyogo Prefecture
Established: 1951
Business: Manufacturing and sales of marine and industrial electronic equipment, etc.
Capital: 7,534 million yen
Employees (consolidated): 3,368
Sales (consolidated): 126,953 million yen
Representative: Yukio Furuno
Stock Exchange: Tokyo Stock Exchange, Prime Market
## Signing Ceremony
From left: Yukio Furuno, President and CEO of Furuno Electric Co., Ltd.; Hiroshi Nakaoka, President of Icom Incorporated.
## Background of the Collaboration
Amidst a changing business environment surrounding the radio and radar fields, Icom Incorporated, with its long-standing track record and accumulated technology in the radio communication equipment field, and Furuno Electric Co., Ltd., which has developed its business in the field of marine electronics including navigation radars, have repeatedly exchanged opinions on the potential for medium- to long-term business development by leveraging their respective strengths. Recognizing that mutually utilizing their technologies and expertise in the radio and radar fields could lead to the creation of new value and business opportunities, they have concluded that it would be beneficial to jointly explore the possibility of collaboration through continuous dialogue.
## Main Contents of the Collaboration
The collaboration will focus on considering the following initiatives:
- Collaboration on product development in the radio and radar fields.
- Cost reduction measures, including joint purchasing of related parts and components.
- Continuous discussion of future collaboration themes, leveraging the expertise of both companies.
Please note that this MOU does not define specific transaction terms, and the content will be examined and specified through future discussions.
## [Hiroshi Nakaoka, President of Icom Incorporated]
"I am very pleased to be able to proceed with discussions toward a collaboration with Furuno Electric. Both are historic companies that have long provided products to the world that support safety, security, and joy at sea. I am confident that by combining our respective strengths and expertise, we can create new value that only our two companies can produce. Through this initiative, we will strive to deliver communication that satisfies our customers even more than before."
## [Yukio Furuno, President and CEO of Furuno Electric Co., Ltd.]
"I am very pleased to be able to explore the possibility of collaboration with Icom Incorporated, which possesses high technical capabilities and unique product development strengths in the radio communication equipment field. Our company has developed its business through the provision of marine electronics that support the safety and security of navigation. In a greatly changing business environment, we feel the importance of dialogue and cooperation with partner companies that have different strengths more than ever before. We would like to explore new possibilities in the radio and radar fields and connect them to future value creation by mutually leveraging the technologies and expertise of both companies."
Based on this MOU, both companies will continue discussions and conduct studies to specify business collaboration in the radio and radar fields.
### Furuno Electric Co., Ltd.
Since successfully commercializing the world's first fish finder in 1948, Furuno Electric has continued to provide numerous world-first and Japan-first products in the marine electronics field based on its unique ultrasonic and electronic technologies. Today, it has established a sales system in over 90 countries and has built a solid position and brand as a global comprehensive marine electronics manufacturer.
Furuno Electric Co., Ltd. R&D Building "SOUTH WING"
Headquarters: Nishinomiya City, Hyogo Prefecture
Established: 1951
Business: Manufacturing and sales of marine and industrial electronic equipment, etc.
Capital: 7,534 million yen
Employees (consolidated): 3,368
Sales (consolidated): 126,953 million yen
Representative: Yukio Furuno
Stock Exchange: Tokyo Stock Exchange, Prime Market